v3.25.4
Reserves for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
Schedule of key variables in macroeconomic scenarios utilized for computation of reserves for credit losses
The following table reflects the range of macroeconomic scenario key variables available to us as of December 31, 2025 and 2024, respectively, which were used, in conjunction with other inputs, to calculate reserves for credit losses:
TABLE 3.1: KEY MACROECONOMIC VARIABLES
U.S. Unemployment Rate
U.S. GDP Growth (Contraction) (a)
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Fourth quarter of 2025
4 %
3% - 8%
0.5 %
3% - 1%
First quarter of 2026
4% - 6%
3% - 8%
5% - (3)%
3% - 1%
Fourth quarter of 2026
4% - 8%
3% - 7%
3% - 0.5%
2%
Fourth quarter of 2027
4% - 8%
3% - 6%
2 %
4% - 2%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Schedule of changes in card member loans and receivables
The following table presents changes in the Card Member loans reserve for credit losses for the years ended December 31:
TABLE 3.2: CHANGES IN CARD MEMBER LOANS RESERVE FOR CREDIT LOSSES
(Millions)202520242023
Beginning Balance$5,679 $5,118 $3,747 
Provisions(a)
4,067 4,109 3,839 
Net write-offs (b)
Principal(3,176)(2,894)(2,043)
Interest and fees(692)(621)(443)
Other(c)
31 (33)18 
Ending Balance$5,909 $5,679 $5,118 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs. In addition, provisions for the years ended December 31, 2025 and 2024 include the reserve releases of $144 million and $49 million, respectively, upon the previously-mentioned reclassifications of small business cobrand portfolios to Card Member loans HFS. See Note 1 for additional information.
(b)Principal write-offs are presented less recoveries of $988 million, $730 million and $537 million for the years ended December 31, 2025, 2024 and 2023, respectively.
(c)Primarily includes foreign currency translation adjustments of $32 million, $(33) million and $18 million for the years ended December 31, 2025, 2024 and 2023, respectively.
The following table presents changes in the Card Member receivables reserve for credit losses for the years ended December 31:
TABLE 3.3: CHANGES IN CARD MEMBER RECEIVABLES RESERVE FOR CREDIT LOSSES
(Millions)202520242023
Beginning Balance$171 $174 $229 
Provisions (a)
751 774 880 
Net write-offs (b)
(745)(773)(937)
Other (c)
3 (4)2 
Ending Balance$180 $171 $174 
(a)Provisions for principal and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Net write-offs are presented less recoveries of $297 million, $304 million and $297 million for the years ended December 31, 2025, 2024 and 2023, respectively.
(c)Primarily includes foreign currency translation adjustments of $3 million, $(4) million and $1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
The following table presents changes in the Other loans reserve for credit losses for the years ended December 31:
TABLE 3.4: CHANGES IN OTHER LOANS RESERVE FOR CREDIT LOSSES
(Millions)202520242023
Beginning Balance$194 $126 $59 
Provisions (a)
335256 174 
Net write-offs (b)
Principal
(198)(180)(104)
Interest and Fees
(9)(7)(3)
Other
1 (1)— 
Ending Balance$323 $194 $126 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Principal write-offs are presented less recoveries of $34 million, $20 million and $14 million for the years ended December 31, 2025, 2024 and 2023, respectively.